Conflicting Bets in a Downturn


Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.

Alex and Elegance are back to cover the biggest, boldest and worst technology news. We will be back on Tuesday, because yesterday the United States was free. So a day late, but hopefully not a dollar short, here’s what we started today:

Shares are mixed around the world and will fall in the open in the United States. At the same time, the crypto market has been somewhat relaxed in the past day. Sequoia Capital China raises $9 billion, a huge amount of money at a time when we’ve seen venture capital activity in China slow down. Speaking of slowing venture capital, Indian activity is slowing. That slowdown comes because the country’s crypto market is under pressure. At the same time, Twitter is pushing back against the Indian government bullying, which is a good thing. But perhaps less good for Elon Musk, who buys the social network and wants to sell imported cars in the country. At the close, we discussed a possible database breach in China, problems at Vauld, a new climate tech fund, and news from the quantum front.

All that and we had a good time! We’ll be back tomorrow morning and Friday morning!

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